Inani Securities: Open Offer for 26% Stake at ₹60/Share

Aikyam Financial Services Private Limited, through merchant banker Bonanza Portfolio Limited, has announced an open offer to acquire up to 11,85,002 equity shares of Inani Securities Limited, representing 26% of the total equity and voting share capital. The offer price is ₹60 per equity share. This acquisition will result in the acquirer gaining control of the company and triggers a mandatory open offer under SEBI (SAST) Regulations, 2011. The transaction is subject to the completion of the open offer, obtaining necessary change-in-control approvals for the company's stock-broking, trading-member, and depository-participant registrations, and other conditions precedent outlined in the Share Purchase Agreement.